Murano (skyscraper)
| Murano | |
|---|---|
Murano in 2009.
|
|
| General information | |
| Status | Complete |
| Type | Residential |
| Location | 2101 Market Street, Philadelphia, Pennsylvania, United States |
| Coordinates | 39°57′14.74″N 75°10′31.06″W / 39.9540944°N 75.1752944°WCoordinates: 39°57′14.74″N 75°10′31.06″W / 39.9540944°N 75.1752944°W |
| Construction started | 2005 |
| Opening | 2008 |
| Cost | US$165 million |
| Height | |
| Roof | 475 feet (145 m) |
| Technical details | |
| Floor count | 43 |
| Design and construction | |
| Architect | Solomon Cordwell Buenz and Associates |
| Developer |
Thomas Properties Group P&A Associates |
| Main contractor | Turner Construction Company |
The Murano is a residential skyscraper in Center City, Philadelphia, Pennsylvania, United States. Part of a condominium boom occurring in the city, the Murano was announced in 2005 and was developed jointly by Thomas Properties Group and P&A Associates. The building, named after Murano, Italy, was completed in 2008 at a cost of US$165 million. The site, previously occupied by a parking lot, was the location of the Erlanger Theatre from 1927 to 1978.
The blue glass and concrete, 43-story, 475 feet (145 m) skyscraper was designed by Solomon Cordwell Buenz and Associates. Murano's condos range between 740 square feet (69 m2) and 2,625 square feet (240 m2) and were designed to be loft-like with each featuring a balcony. The building features ground level retail space and an adjacent parking garage. Located in the West Market Street neighborhood of Center City, a neighborhood that first saw residential development in 2002, the building struggled to fill its units during the late-2000s recession. In July 2009 the Murano's owners held a successful auction on forty of the building's units. Thomas Properties Group lowered the price for the remaining unsold units based on what the forty units went for at the auction.
The Murano was announced in 2005 when Philadelphia, Pennsylvania was experiencing a condominium boom that had begun in the late 1990s; between 1998 and 2004 more than 70 Center City office and manufacturing buildings had been converted into rental and condominium apartments. The project was jointly developed by Thomas Properties Group of Los Angeles and P&A Associates of Philadelphia. The planned site of the Murano was on West Market Street in Center City, an area which had not had any residential development until 2002 when 2121 Market Street was converted into apartments. Construction began around the end of 2005.
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